Introduction DAO is one of the key components in the world of Web 3.0, which fills an important need - decentralization. In today's article, we will understand what it is, how it works, and look at important DAO statistics.

What is DAO? A Decentralized Autonomous Organization (DAO) is a specific form of legal structure that does not have a central governing body, whose members have a common goal and act in the best interests of the organization.

How does DAO work in crypto? DAO gained the greatest popularity thanks to blockchain technologies. In the crypto industry, their work is carried out using smart contracts. It is the technology of smart contracts that can help us get away from such concepts as banks, courts, credit organizations, etc.

There are various ways to participate in the DAO, the most common is token ownership. The smart contract sets the rules of the DAO, and the token holders then get a voice and can influence how the organization works by making decisions, creating new governance proposals, taking part in voting, etc.

Numbers and state of the DAO in the crypto at the moment According to DeepDao so far:

There are 12,731 organizations, and their total treasury is about 20.7 billion dollars, of which 17.9 billion are liquid;

In total, there are 6.8 million holders of various governance tokens, of which 2.5 million are active users participating in voting;

Interestingly, the most common stables in the DAO treasury are $USDC and $DAI.

Below are the top 10 DAOs by treasury.

All this and other statistics can be conveniently viewed on DeepDao, which can facilitate further research if you want to purchase any DAO tokens.